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Call the credit card company and tell them your situation. They might be able to work out a plan with you. This plan might include freezing your interest and assessing no more fees. They do want their money and will work with you to try to ...
http://answers.yahoo.com/question/index?qid=20080204173...
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Many credit card issuers have a penalty interest rate of 25 percent to 30 percent. If you default, you'll qualify for it and your bills will look like you invited a hungry relative for dinner. Under a policy called "universal default," if you are overdue on one card, all other cards will raise your rates.
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www.bankrate.com/brm/news/debt/20051007a1.asp
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Date: Wednesday, 12 January 2005; Time: 12:00:46 PM ... What are the consequences of default in payment of credit card dues. ... House no. 437, Sector 48 A, Chandigarh.
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www.vakilbabu.com/Forums/Consumer/00000028.htm
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Your other credit cards companies may also implement the "Universal Default Rate" provision and your other credit card interest rates will jump to 27% and more all because of Citibank reporting you as late to the credit bureaus.
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www.ripoffreport.com/reports/ripoff188048.htm
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can your wages be garnished for credit card default?it can be if your creditor gets an order from the courtWhen someone defaults on a credit card,....?The third party would get 25% of the collected money.Default Payments of Credit card (Canada)/Bad Credit History?...them with his Social Number (SSN/SIN) at that time...
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aloblog.extra.hu/credit_card_default.html
aloblog.extra.hu/credit_card_default.html
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Back in November, I wrote a piece called, "Is the Controversial Credit Card Universal Default Clause Finally on the Way Out?". ... Let your legislators know that you think universal default is unfair and should be banned. If you've had to deal with the consequences of universal default and/or other unfair practices,
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www.cardratings.com/creditcardnews/2006/04/how-consumer...
www.cardratings.com/creditcardnews/2006/04/how-consumers-can-put-end-to.html
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; How much money does it have to be for a credit card company to sue you in the state of south carolina? ... ; What might be the consequences of a 19-year-old having a relationship with a 14-year-old in Arizona? ... Possibly. This would be called a default judgment for failure to prosecute, or something like that.
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wiki.answers.com/Q/FAQ/2151-6
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If you’ve ever read the fine print of your credit card agreement, then there’s a pretty high likelihood you’ve run across the term “universal default.” But do you actually know what it means?
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www.creditaddict.com/archives/what-is-universal-default...
www.creditaddict.com/archives/what-is-universal-default/
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What is Credit Card Default? ... Credit cards are extremely convenient and can be a great money management tool, but unfortunately they can also allow consumers to get into huge amounts of debt very easily. Defaulting on credit cards is common, but it is definitely not without consequences.
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www.ehow.com/about_4617857_what-happens-default-credit-...
www.ehow.com/about_4617857_what-happens-default-credit-cards.html
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